Baltimore Maryland Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Baltimore, Updated October 2024
Rent Your Vacation Home or Condo in Baltimore, Maryland
Thanks to the growing number of vacationers and travelers looking for ways to cut the costs of their trips, Baltimore is a popular destination for those looking for a cheap getaway. In addition to its proximity to Washington, D.C., Baltimore is also known for its historic neighborhoods and high-end restaurants offering a wide range of cuisines. If you’re looking to rent out your home while you’re away, short-term rental sites like Airbnb are a great option. Not only can they help you earn additional income while you’re away, but they can also help you avoid the hassle of finding a place to stay when you return home.
When partnering with RedAwning for your property management needs, we can make sure your Baltimore rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Current Vacation Rental Trends in Baltimore
During the month of November, Baltimore is projected to generate over $172/night for a 2 bedroom vacation rental, on average! There were 1,961 vacation active rental properties in Baltimore. 1,349 are renting the entire place, and 612 are shared rooms. On average, during the month of November 2023, each vacation rental property in Baltimore is booked 57% of the time, and most hosts are projected to generate $2,052 or more during the month of November! See how much you could earn with our free vacation rental income calculator.
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$172.00 Per Night*
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56% Occupied*
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$2,052.00 Per Month*
* Based on the median average of all vacation rentals in the Baltimore area.
Get a free estimate for your home or condo.
Get a free estimate for your home or condo.
Featured Baltimore Vacation Rental Generating Record Profits With RedAwning
Baltimore's Best Home Away From Home Starting at $175 to $472 per night!
Forget your worries in this spacious and serene space. A lovely space to unwind and relax after a busy day whether it is work or play. Awake refreshed and ready for a day exploring the city via this clean, sunny apartment with impressive views. Head out and wander through the nearby markets and pick up local ingredients to later craft a meal in the fully stocked kitchen. The property is tastefully decorated with colorful patterns and traditional accents.
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This Baltimore vacation home is presented on every travel website, where travelers are looking to book accommodations (Airbnb, VRBO, Expedia, Google Travel, and hundreds more). And, with RedAwning's dynamic pricing, daily rates are adjusted based on seasonality and demand in Baltimore.
Successful short-term vacation rentals in Baltimore, Maryland
When it comes to short-term rental, there are a few things you should keep in mind. First, visit your home before renting out your Baltimore home as a short-term rental. This will give you the chance to make any necessary repairs or improvements that you may need to make. Second, consider a Baltimore apartment for short-term rental if you have small children and want to avoid the risk of them wandering away. Finally, be sure to follow all city regulations when renting out your Baltimore home as a short-term rental. There are many benefits of renting out your Baltimore home as a short-term rental. For one thing, you can earn some extra money while also enjoying some much-needed relaxation time. And when it’s time to go back home, that rental income will help cover any unexpected costs that might arise from the trip. As long as you follow all the rules and regulations set by local authorities, there’s no reason why you can’t make a little extra money by renting out your Baltimore home as a short-term rental.
Positive vacation rental trends in Baltimore, Maryland when you considering renting out your Baltimore home as a short-term rental include the following: Another trend to look out for is that of Airbnb and VRBO. These are two of the most popular short-term rental sites, but they’re different from each other. Airbnb connects homeowners with travelers looking to rent their properties while VRBO connects owners with travelers looking to book their homes. Both of these sites offer short-term rentals, but the features and benefits offered by each one are different. Ultimately, it’s up to you to decide which one is best for you based on what you need.
RedAwning takes the guess-work out of Baltimore property management, and we work with you to ensure your Baltimore short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
See how much your Baltimore vacation rental could earn:
Revenue Projections for Vacation Rentals in Baltimore, Maryland during December, 2023
Based on a 2 bedroom, which is the most common Baltimore vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in December. Higher bars below can command higher prices, if your Baltimore vacation rental is available during these days.
$16884%1st
$16985%2nd
$15382%3rd
$15081%4th
$14981%5th
$15081%6th
$15282%7th
$17385%8th
$17086%9th
$15783%10th
$15180%11th
$15179%12th
$15279%13th
$15279%14th
$16680%15th
$16780%16th
$15479%17th
$15179%18th
$15079%19th
$15179%20th
$15380%21st
$16980%22nd
$17580%23rd
$16681%24th
$16680%25th
$15981%26th
$16080%27th
$16080%28th
$17980%29th
$18581%30th
$17381%31st
Average Daily Price & Percent Occupied Next Month In Baltimore
Note: These averages are based on a 2 bedroom home in Baltimore. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.
Interested in learning how you can maximize your vacation rental revenue in Baltimore, Maryland?
If you are a speculative home buyer or have another home in Maryland, check out our other Maryland Vacation Rental Management reports in Annapolis, Ocean City, Berlin, Cockeysville, Bel Air, Huntingtown, Kensington, Saint Charles, Brunswick, Laurel, Owings Mills, Upper Marlboro, Quantico, North Potomac, Lusby, Fairmount Hgt, Mchenry, Chestertown, Boonsboro, Taneytown, and Odenton, Maryland or view all of our vacation rental market reports
